Should You Buy Long-Term Care Insurance?

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Retire With Integrity Podcast with Brian Bowen

Business


We all need to be prepared for the possibility of long-term care. But when it comes to buying long-term care insurance it’s hard not to get sticker shock. Should you consider it as a part of your financial plan?   Show notes and additional resources: https://financialplanningva.com/should-you-buy-long-term-care-insurance/    Today's rundown:  0:18 - The premiums of long-term care is pricing half of baby boomers out of the market. 1:50 - Do you need long-term care insurance? 2:39 - Look at the math on long-term care insurance. 4:57 - If something happens, how will you pay for both you and your spouse? 6:28 - Consider the opportunity cost of long-term care insurance.